Credit Suisse Group Analysts Give Campbell Soup (CPB) a $33.00 Price Target

Credit Suisse Group set a $33.00 target price on Campbell Soup (NYSE:CPB) in a research report report published on Tuesday morning. The firm currently has a sell rating on the stock.

CPB has been the subject of a number of other reports. Deutsche Bank cut their target price on Campbell Soup from $40.00 to $36.00 and set a hold rating for the company in a research report on Friday, August 31st. ValuEngine upgraded Campbell Soup from a strong sell rating to a sell rating in a research report on Friday, September 7th. Wells Fargo & Co set a $42.00 price objective on Campbell Soup and gave the stock a hold rating in a research report on Monday, August 20th. Royal Bank of Canada upped their price objective on Campbell Soup to $43.00 and gave the stock a sector perform rating in a research report on Thursday, August 23rd. Finally, UBS Group set a $33.00 price objective on Campbell Soup and gave the stock a sell rating in a research report on Friday, November 16th. Ten analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Campbell Soup presently has an average rating of Hold and a consensus price target of $40.20.

NYSE:CPB opened at $39.52 on Tuesday. The firm has a market cap of $11.88 billion, a PE ratio of 13.77, a P/E/G ratio of 2.71 and a beta of 0.13. The company has a quick ratio of 0.31, a current ratio of 0.69 and a debt-to-equity ratio of 5.65. Campbell Soup has a fifty-two week low of $32.63 and a fifty-two week high of $51.07.

Campbell Soup (NYSE:CPB) last released its earnings results on Tuesday, November 20th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.66 billion. Campbell Soup had a return on equity of 53.81% and a net margin of 1.95%. The company’s revenue was up 24.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 EPS. On average, research analysts expect that Campbell Soup will post 2.48 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 29th. Shareholders of record on Friday, October 12th were issued a $0.35 dividend. The ex-dividend date was Thursday, October 11th. This represents a $1.40 dividend on an annualized basis and a yield of 3.54%. Campbell Soup’s payout ratio is presently 48.78%.

In other news, insider Luca Mignini bought 5,494 shares of the stock in a transaction on Tuesday, October 2nd. The stock was acquired at an average price of $36.41 per share, with a total value of $200,036.54. Following the acquisition, the insider now directly owns 112,990 shares in the company, valued at $4,113,965.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 37.20% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of CPB. Amalgamated Bank increased its holdings in Campbell Soup by 6.5% in the 2nd quarter. Amalgamated Bank now owns 26,385 shares of the company’s stock worth $1,070,000 after purchasing an additional 1,603 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in Campbell Soup in the 2nd quarter worth about $1,087,000. Benjamin F. Edwards & Company Inc. increased its holdings in Campbell Soup by 1,609.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,564 shares of the company’s stock worth $104,000 after purchasing an additional 2,414 shares in the last quarter. Unigestion Holding SA acquired a new position in Campbell Soup in the 2nd quarter worth about $2,232,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of Campbell Soup by 27.4% in the second quarter. Janney Montgomery Scott LLC now owns 46,639 shares of the company’s stock valued at $1,891,000 after buying an additional 10,030 shares during the period. 55.65% of the stock is owned by institutional investors and hedge funds.

About Campbell Soup

Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.

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Analyst Recommendations for Campbell Soup (NYSE:CPB)

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